EU domestic medium sections price falls more than $33 per tonne

The price of domestic medium sections in Europe fell by more than €20 ($33) per tonne this week, as buyers await further downward pressure from falling scrap costs, market sources told Metal Bulletin sister title Steel First this week.

The price of domestic medium sections in Europe fell by more than €20 ($33) per tonne this week, as buyers await further downward pressure from falling scrap costs, market sources told Metal Bulletin sister title Steel First this week.

“There is more activity in the market [than before], but a lot of buyers believe prices will fall further, which means that they do not want to buy now. [They are waiting] as scrap is expected to drop down a bit more,” a stockholder in the Netherlands said.